This is to inform you that we have received a High Court judgment dated 26th May,2026 regarding the company''s writ petition praying for the quashing of the ECIR and all consequential ....
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The company received an adverse High Court judgment dated 26 May 2026, where its writ petition filed before the Hon'ble Kerala High Court was dismissed. The petition sought to quash an ECIR (Enforcement Case Information Report) registered by the Directorate of Enforcement against the company and its officials under Section 50 of the PMLA Act, 2002. The company had challenged the ED's jurisdiction on grounds that no scheduled offence existed. With the dismissal, the ECIR and all consequential investigations and proceedings remain active. The company states it does not anticipate any material impact on its financial, operational, or other activities as a result of this judgment.
The adverse judgment means the ED's investigation under the PMLA Act can continue unimpeded, though the company projects no quantifiable financial or operational impact at this stage. The outcome removes a legal block the company had attempted to place on the enforcement proceedings.